Regulation, Risk & Compliance
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UAE Central Bank cuts key interest rate for first time in 2025, mirroring US Fed move
The Central Bank of the UAE announced late Wednesday it has decided to lower the base rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points to 4.15 per cent from 4.40%. This decision was taken following the US Federal Reserve’s announcement today to reduce the Interest Rate…
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Click here to read the full story: Gulf News